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, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45 days. it's up to the obama administration and they're going to take a look a lot of heat about where the stimulus dollars went, why the company failed, and why we actually let companies come in owned by the chinese and rescue ailing companies when we need the jobs like you said here. >> there was an american company wanting to buy it, to keep the technology here at home where we need it. a.b., do you remember the first time we heard about this committee? >> oh, no. >> january of 2006. >> oh, yeah. that's so long ago, i don't even
, not to give our business to china. that's a constant tension. we have a lot of companies that want to be active and integrate with chinese companies. in every one of three cars on our road, they have a part. in terms of the committee, foreign investment in the u.s., the arm of the treasury making this decision, a source told me following this closely told me they will be coming up with their decision within the next week, and if there's red flags they'll take a second review that will last 45...
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and you're going to see india, its growth by 2030, will be like china is today. that will be that big, huge democracy. >> before anybody's freaking out and transferring their children into all mandarin-speaking schools, we are not going to be in dire straits. we are still going to be a big influence in the global landscape, right? >> absolutely. you're going -- absolutely, no question. but it's going to be, well, one of the quotes from the story is basically that the pacs americana will be over and you're going to see not that one power dominating everything, it's going to be middle classes around the world and more of a balanced power around the world. one thing that's interesting about this, you will have competition for jobs that will create middle classes. it will be pressure on western countries and their middle classes. because around the world, you've got hundreds of millions of people who will be coming up out of poverty, who will want to be in the middle class and have the technology to do those jobs that are we're doing now. >> there's a great read in "
and you're going to see india, its growth by 2030, will be like china is today. that will be that big, huge democracy. >> before anybody's freaking out and transferring their children into all mandarin-speaking schools, we are not going to be in dire straits. we are still going to be a big influence in the global landscape, right? >> absolutely. you're going -- absolutely, no question. but it's going to be, well, one of the quotes from the story is basically that the pacs americana...
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he said during a broadcast interview today about china going to a more consumer based economy quote the one thing that actually works state run communism. it may not be your cup of tea, but their government works. what they are doing makes sense. chrysler has been forced to rehire employees caught drinking and possibly smoking marijuana during a lunch break. the fox affiliate in detroit took this video in 2010. 13 workers were fired and go suspended. the union-backed arbitration process ordered them reinstated. they came back to work this week. chrysler says it does not agree with the decision, but it's time to move on. and hundreds of michigan teachers called in sick or took vacation days today. most were believed to be participating in union protests against michigan's right-to-work legislation now law. that we told you about earlier in the program. at least two entire school districts had to shut down today. meanwhile the department of education is giving michigan students he some very poor grades. it says 72% of public school eighth graders are not proficient in reading and 69% are
he said during a broadcast interview today about china going to a more consumer based economy quote the one thing that actually works state run communism. it may not be your cup of tea, but their government works. what they are doing makes sense. chrysler has been forced to rehire employees caught drinking and possibly smoking marijuana during a lunch break. the fox affiliate in detroit took this video in 2010. 13 workers were fired and go suspended. the union-backed arbitration process ordered...
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the trade gap with china did hit an all-time high. will fred industries is the latest offering special one-time payments. the company is boosting its quarterly dividend 20% to 16 and a half% a share payable on december 28. the website planning to streamline its operation and focus its resources on engagement innovation and customer satisfaction. that is the latest from the fox business network. giving you the power to prosper. ♪ with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade commission free for 60 days, plus get up to $600 when you open an account. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pa
the trade gap with china did hit an all-time high. will fred industries is the latest offering special one-time payments. the company is boosting its quarterly dividend 20% to 16 and a half% a share payable on december 28. the website planning to streamline its operation and focus its resources on engagement innovation and customer satisfaction. that is the latest from the fox business network. giving you the power to prosper. ♪ with thinkorswim by td ameritrade. use the news links breaking...
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they send the jobs over to china. no wonder he likes china so much. martha: i mean a lot of people have the problem with the way this jobs czar handled things in his own business and feel it is not reflective of somebody working really hard to encourage capitalism and to encourage a growing u.s. economy, bob? >> first of all, andrea got to get over the election. it is over, okay. you lost. you have another shot. these things happen. just calm down. it will be all right. now, by the way, immelt is exactly right. the chinese have been kicking our butts around for the last two decades economically. for what they have got, which is a communist-managed economiter doing a very good job of it. not something we want. not something we want of our allies but it is working and you can't argue with that. they have been growing at phenomenal rate. >> currency manipulation, human rights violations. one-child policy. martha: i get bob's point. what bob is saying. business people tend to look at things in, you know, in terms of efficiency. does it work. i think in ma
they send the jobs over to china. no wonder he likes china so much. martha: i mean a lot of people have the problem with the way this jobs czar handled things in his own business and feel it is not reflective of somebody working really hard to encourage capitalism and to encourage a growing u.s. economy, bob? >> first of all, andrea got to get over the election. it is over, okay. you lost. you have another shot. these things happen. just calm down. it will be all right. now, by the way,...
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and china is ready to overtake the u.s. sooner than you think. first, forget the fiscal cliff, because the economy is coming back. americans are feeling more optimistic about 2013 and if we play our cards right, we're going to see a new economic renaissance. td ameritrade recently surveyed folks on their outlook for the new year. 43% say they're downright optimistic about the economy and believe we're headed for a rebound. 45% are feeling good about their own finances, but we already know that things are starting to get better. look, we're adding jobs every month, consumer debt continues to shrink. stock markets are up. longer term, though. america will reap the rewards of its domestic energy boom and more oil and gas gets extracted. the drop in the price of natural gas is already helping utilities and factories compete. that's creating more american jobs. and there is more. housing will be the golden lining to the economic cloud that is hanging over this country. mortgage rates are at historic low and should stay that way for the next two years
and china is ready to overtake the u.s. sooner than you think. first, forget the fiscal cliff, because the economy is coming back. americans are feeling more optimistic about 2013 and if we play our cards right, we're going to see a new economic renaissance. td ameritrade recently surveyed folks on their outlook for the new year. 43% say they're downright optimistic about the economy and believe we're headed for a rebound. 45% are feeling good about their own finances, but we already know that...
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greed to take jobs and cheap labor markets so they can get right to work law states in indonesia and china and then made right to work law here. it means it's a gap between the wealth and the workers. workers have a right to expect liberal wages, health care, education care, the right to vote protected, and educate their children. these rights are reasonable and should be enforced. >> reverend jackson, you and i have known each other a long time. did you ever think you would be in michigan leading a protest against right to work? >> i really did not. i think that the tea party has 150-year-old roots between what is -- the right it organize, collective bargaining and states rights. i never thought it would go this far north, and, yet, these workers in this state must fight back and draw a line in the sand. that's why i'm going to address a major one-day strike, maybe a one-day march on washington for massive and action to bring about the ship in the flow of the wind. >> reverend jesse jackson, bob king from the united autoworkers. thank you very much. i know it's a cold day. thanks for join
greed to take jobs and cheap labor markets so they can get right to work law states in indonesia and china and then made right to work law here. it means it's a gap between the wealth and the workers. workers have a right to expect liberal wages, health care, education care, the right to vote protected, and educate their children. these rights are reasonable and should be enforced. >> reverend jackson, you and i have known each other a long time. did you ever think you would be in...
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growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best mar market in the country we follow the last 12 months. the only tough time is in the evaluation area. ashley: chile, taiwan, italy. not so great. >> unfortunately for chile, doesn't have anything going on for it. the third most expensive country to follow, high risk, no momentum, unfortunate for them. italy cheap, everything else is a disaster. taiwan less risky, poor evaluations, poor momentum, poor fundamentals. ashley: appreciated, thank you for being here. tracy: everything isn't a disaster. they are lovers. it is all you need.
growth is excellent in china. surprisingly relative to the rest of the world last six or nine months china has done pretty well. it has a higher risk profile than average but it is cheaper than the average country. look at it through the four, we like china. ashley: austria. what do they do in austria? >> they do a lot of different stuff. that market is not dominated by financials like the other markets in the world. so the fundamentals are great. the austrian market is the fourth best...
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and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services and suntrust banks. more details when we've got them. the power and might of unions on display today and being tested. you will see huge protests at the state capital building in michigan where right to work legislation will be signed today. that means workers will be able to choose if they want to join the union. they will no longer be compelled to pay dues. here is the president speaking at a daimler factory in michigan yesterday. >> we do everything we can to encourage companies like daimler to keep investing in american workers. and by the way, what we shouldn't
and china may be the number one economy soon. really? "varney & company" about to begin. >> right off the top, breaking news for you now. fox business learned that a group claimed to be aligned with terrorism is threatening to launch a massive attack against u.s. bank websites and made that threat in the fall and this is a new threat set to start this week, we hear. and a list of banks targeted includes j.p. morgan chase, bank of america, u.s. bancorp, pnc financial services...
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you going to borrow it from china? alisyn: i mean, you know, nancy pelosi's taken a lot of heat for that famous saying, you have to pass the bill to figure out what's in the bill. but now that seems haunting, because the fact that even senators now are saying, whoa, whoa, whoa, slow down, we want some of these things repealed. >> 17 democrats in the senate including senator-elect elizabeth warren from massachusetts. 17 democrats in the senate with three weeks to go before this tax is imposed suddenly realize this is going to cost a lot of money, it's going to hurt my voter, it's going to hurt the device industry. please delay it. all of a sudden. alisyn: maybe they should have read it. >> but it was very long. alisyn: it was long. [laughter] you've got that right. stu varney, thanks so much for parsing all of this. >>> meanwhile, a violent political power struggle on the streets of one major u.s. ally, but as both sides protest in egypt, there's also a push to legitimize some hard-line islamist groups. so in three minu
you going to borrow it from china? alisyn: i mean, you know, nancy pelosi's taken a lot of heat for that famous saying, you have to pass the bill to figure out what's in the bill. but now that seems haunting, because the fact that even senators now are saying, whoa, whoa, whoa, slow down, we want some of these things repealed. >> 17 democrats in the senate including senator-elect elizabeth warren from massachusetts. 17 democrats in the senate with three weeks to go before this tax is...
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jenna: china has a role in all of this as well? >> china has been backing both iran and north korea with regard to missiles and nukes. >> where can you point to as an example where sanctions have actually worked, when it comes to north korea or iran or anywhere? north korea is obviously still pursuing a very high-tech weapon. >> right. >> according to these reports they deny it. >> sure. >> to be fair when have sanctions really worked? worked5 and 2007 with regard to those financial sanctions i talked about. of course they also worked with south africa which is the prime example. they probably also worked with regard to yugoslavia when the country was going through some problems. sanctions can have an effect. not enough on their own but when you do that with other diplomacy, yeah, they can have a lot of effect on these regimes. iran right now is reeling because of the financial sanctions that the u.s. imposed on the central bank of iran. jenna: that is what many say. the big question do we see them test a nuclear weapon in the next
jenna: china has a role in all of this as well? >> china has been backing both iran and north korea with regard to missiles and nukes. >> where can you point to as an example where sanctions have actually worked, when it comes to north korea or iran or anywhere? north korea is obviously still pursuing a very high-tech weapon. >> right. >> according to these reports they deny it. >> sure. >> to be fair when have sanctions really worked? worked5 and 2007 with...
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china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the battery company. the problem is, taxpayers have subicized a 123 and pumped in a grant and gave it to this outfit that is now bankrupt and china is picking up the pieces dirt cheap. the ball is in president obama's court. there is a committee that decides whether or not a foreign company can buy an american company. on what grounds do they wish to buy. is it in our national interest to sell to a chinese company. time geithner heads that committee and he will decide are we going to sell this dirt cheap to china or not. >> gretchen: oh, by th
china buying up u.s. companies on the cheap and we are paying interest on money we are borrowing from the communist company in the first place. a battery system is closed unless regalators stepped in. is it 123. >> it is a-123. >> gretchen: it went bankrupt. >> the judge holds an auction and a chinese company wins the auction and $256 million for a 123. china has the money. that's the bottom line. we have spent all of ours and china is buying up american assets like the...
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you can see the history of china reflected in much of the work. you can see conflicts with western culture and eastern culture. you can see critiques sometimes of the chinese government or of other governments as well. power in general. >> brown: often you can see a provocation. as in one of his most famous works dropping a haung dynasty un, three photographs showing the destruction of a 2,000 cultural relic. >> one of the things i think cease saying is sometimes it's necessary to destroy the old before you can move forward with the new. and also by destroying something know is important, it suddenly makes you have to think about the value of things. what are they worth? who says they're valuable? >> brown: he returned to china in 1993 and became part of the country's cultural elite eventually tapped by the government to collaborate with a swiss architectural firm to design the 2008 olympic stadium. photos are on the floors and walls of the exhibition but he grew critical of the communist party's attempt to control the event. his biggest confronta
you can see the history of china reflected in much of the work. you can see conflicts with western culture and eastern culture. you can see critiques sometimes of the chinese government or of other governments as well. power in general. >> brown: often you can see a provocation. as in one of his most famous works dropping a haung dynasty un, three photographs showing the destruction of a 2,000 cultural relic. >> one of the things i think cease saying is sometimes it's necessary to...
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we can play in china. we've got probably 16,000 or 17,000 people in china. we're a net exporter to china from the u.s. so we have good technology products and things like that. >> rose: what are they buying? >> jet engines. health care products. we'll sell more c.t. scanners in china than the united states. never thought i'd see that day. we're competitively advantaged, we do a good job. the goal is you want to be competitive in china, you want to play, but we like the portfolio, you know? we're big in australia. we're big in canada. we're big in the middle east. we're big in africa. i wouldn't want to have a strategy that was solely dependent on china. i like having a diversified geography. >> rose: in the past, you've criticized doing business in china. has it gotten better, easier, from the time you made that observation? >> at the time i made the observation it was when a thing called indigenous innovation was taking place which basically said do business with chinese companies, right? >> rose: if you want to do business here, do business with china. >>
we can play in china. we've got probably 16,000 or 17,000 people in china. we're a net exporter to china from the u.s. so we have good technology products and things like that. >> rose: what are they buying? >> jet engines. health care products. we'll sell more c.t. scanners in china than the united states. never thought i'd see that day. we're competitively advantaged, we do a good job. the goal is you want to be competitive in china, you want to play, but we like the portfolio,...
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here to explain what china wants is the author of the coming collapse of china. i'm glad your year because this sounds really scary. you worried about this? aig, 4 billion. that is the biggest chinese takeover thus far. you worry that this is going to be a trend? >> it's certainly going to be. what's happening in china is that enterprises don't have the opportunities there because their problems and the chinese economy right now it's a pretty serious. these enterprises are going around the world buying assets because the returns are a lot better. so a lot of this activity does not concern me, but some of it does because you see in certain acquisitions like a one to three systems, the battery maker, the canadian oil sands producer. they're looking for technology. and some of this technology has defense applications, like this battery maker. they're buying this stuff up. that is something we have to be concerned about and should stop. tracy: do you worry -- we had an election. there are new people leading. you worry that the new leaders will make this even worse? >
here to explain what china wants is the author of the coming collapse of china. i'm glad your year because this sounds really scary. you worried about this? aig, 4 billion. that is the biggest chinese takeover thus far. you worry that this is going to be a trend? >> it's certainly going to be. what's happening in china is that enterprises don't have the opportunities there because their problems and the chinese economy right now it's a pretty serious. these enterprises are going around...
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by 2030, china will be the largest economy. they base it on the size of the economy, population, military spending, and investment in technology. >>> our fourth story, selling a fix. with just 2 d2 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk between the president and house speaker. apparently, these are behind closed doors because they're talking over or at or something not good at each other. here is president obama in detroit on his plan to raise taxes on families making more than $250,000 a year. >> that's a principle i won't compromise on because i'm not going to have a situation where the wealthiest among us, including folks like me, get to keep all our tax breaks. >> is the tough talk road show working for the president tonight? ben is a former press secretary for the obama campaign. he had a vacation that's why he looks healthy now. and republican strategist terry holt. good to see both of you. terry, i want to start with you. the most recent poll we have says by a margin o
by 2030, china will be the largest economy. they base it on the size of the economy, population, military spending, and investment in technology. >>> our fourth story, selling a fix. with just 2 d2 days until the fiscal cliff kicks in and we all go sailing off. we're hearing a lot of talk between the president and house speaker. apparently, these are behind closed doors because they're talking over or at or something not good at each other. here is president obama in detroit on his...
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and the non china business. and they reiterated their positive use on the stock. $17 what the stock is now. so now you know what we've got. we have a genuine home spun face off. with a pack of bears duking it out against a whole posy of bulls. which group is right about young? sell sell sell. we know the business is turned around. taco bell, haven't been there lately? hearing good things. all of the over seas business is still growing like crazy. the chinese business is so big that it accounts for 49% of the company's profits. the latest decline of the same store sales is permanent. they got sick of kentucky fried chicken and pizza hut. it seems as if the colonel may have gotten busted down to private. and i'm calling it a bump but a severe bump in the road. it is true that they are facing pressure. the so called tier one cities. 4% decline in sales is not a good thing. and there is no doubt new found competition among chicken houses. however, young is dealing, you know with the first issue by shifting emphasis
and the non china business. and they reiterated their positive use on the stock. $17 what the stock is now. so now you know what we've got. we have a genuine home spun face off. with a pack of bears duking it out against a whole posy of bulls. which group is right about young? sell sell sell. we know the business is turned around. taco bell, haven't been there lately? hearing good things. all of the over seas business is still growing like crazy. the chinese business is so big that it accounts...
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neil: klein is buying, -- china is buying, this is getting insane. >> we mean it, santa knows, prices are insane! hit my me, t me [ laughter ] neil: those predicts within 50 years china could be premiere financial economic giant, they have moved it to 20 years, and it is getting less and less time as we speak, so within 20 years, china eclipses us as the financial juggernaut of the world, carlos gutierrez, what do you make of that? >> they reduced growth rate to about 5% of out years, they must be making low assumptions about u.s. growth rate, but this is a wake-up call we have to be thinking about the future, for some reason, the report talks about a governnnce gap. i think we have a political crisis that stems from the fact that we can't seem to -- to look forward, we're always solving yesterday's problem or today's crisis, but we have to start looking to the future, we have an immigration system that dates back to the '50s we're not opening new trademmrket. you know we're just -- our energy we could have energy independence by 2020, we should be running full speed ahead. neil: this
neil: klein is buying, -- china is buying, this is getting insane. >> we mean it, santa knows, prices are insane! hit my me, t me [ laughter ] neil: those predicts within 50 years china could be premiere financial economic giant, they have moved it to 20 years, and it is getting less and less time as we speak, so within 20 years, china eclipses us as the financial juggernaut of the world, carlos gutierrez, what do you make of that? >> they reduced growth rate to about 5% of out...
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>> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >> well, we think there's a domestic rebound coming -- lizly -- liz: china -- >> recovery under way, off of what? 7% gdp growth, but up 9% next year. liz: and a growing middle class likes to travel. >> 250 million people entering middle class in china. liz: almost as many people in the u.s.. good to see you. >> good to see you. liz: closing bell ringing in six minutes, up 80 points for the dow, lots of green on the dow, we're coming right back, don't noaf of move. ♪ what's next? he's going to apply testosterone to his underarm. axiron, the only underarm treatment for low
>> this is controversial, in china, people worried about china. a two year bear market, new leadership in place, economic recovery underway, leading indicators suggest it's started. this is a company that benefits from all of that domestic growth in china. it's one of the national carriers, and it's connected to the star alliance. stock is trieding at three times, down 45% off its lows. liz: now, if there's a domestic rebound, is that what you believe is really happening there? >>...
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wisconsin company over to china. virginia lightbulb company to china. g.e. lost 34,000 jobs in this country. >> bob: how many companies send them to china. >> eric: why are they spending snell cheap labor. you told me union brings the cost up for everyone. number two, they are tacking the beegeezes out of companies here. of course they go overseas. >> bob: you say it's the highest tax rate for corporations here? misnomer. >> dana: highest in the free world. >> bob: deductions they pay less than other countries. >> dana: what he meant is poverty in china is outrageous. they respect people's skills but they don't respect their opinions so they fall completely short. we should do more to help improve the human rights situation. >> eric: you talk about the greatness of the union move in the the "a" block. if you unionize china would they have any growth whatsoever at all? if you slap minimum wage on chinese worker what would happen? >> bob: do there what robert barrons did here, murder, maim union people. >> greg: oi vey. >> bob: yeah, right. if you sit back the
wisconsin company over to china. virginia lightbulb company to china. g.e. lost 34,000 jobs in this country. >> bob: how many companies send them to china. >> eric: why are they spending snell cheap labor. you told me union brings the cost up for everyone. number two, they are tacking the beegeezes out of companies here. of course they go overseas. >> bob: you say it's the highest tax rate for corporations here? misnomer. >> dana: highest in the free world. >> bob:...
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of apparel is exported each year from bangladesh, the world's second largest apparel exporter after china. it's growing very fast largely because it has the lowest minimum wage of any country that's really exporting apparel to any sizable degree. $37 a month is the minimum wage there. >> sreenivasan: you also pointed to over the weekend a more devastating fire in pakistan. it's kind of started to lead to this maze of contractors and subcontractors. that seems to be standard operating business where an american company could be well intentioned but ultimately they don't know who is actually producing what's on the ground. >> i've written several articles on these fires with my colleagues. we found that time after time the retailers, the subcontractors, they're all asserting we didn't know about it. we didn't know that subcontractors of the subcontractors we're using at these plants. they say you can't blame us. i think many people call that plausible deniability. a lot of labor rights groups are saying retailers, subcontractors, you have to step up to the plate. you have to make sure that
of apparel is exported each year from bangladesh, the world's second largest apparel exporter after china. it's growing very fast largely because it has the lowest minimum wage of any country that's really exporting apparel to any sizable degree. $37 a month is the minimum wage there. >> sreenivasan: you also pointed to over the weekend a more devastating fire in pakistan. it's kind of started to lead to this maze of contractors and subcontractors. that seems to be standard operating...
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court out this morning says china will soon outrank the united states as leading economic power. findings show china economy growing in a healthier face than hours and forecast by year 2030 asia will surprise north america in terms of global power. >> well, bart passengers have just over a week to sound off plan to triple parking rates over the next two years currently drivers either park free or park $1 per day to park. this plan would allow 50 cents increases twice per year. >> bart does need to raise revenue. on the other hand, it can be a hardship. >> stations have pricing based on demand. just a 50% hike generating about $5 million for bart. >> gas prices continue to fall. the survey over the weekend finds prices dropped 46 cents=> nationally. the maze now $3.38 a gallon saying prices should continue to fall. here in the bay area, drivers are paying 3 plt $70 for a gallon of regular. >> still to come here at 5:00 the colorful food that's could help women avoid breast cancer. >> a man takes law into his own hands setting up a camera. >> and california is late to the game here
court out this morning says china will soon outrank the united states as leading economic power. findings show china economy growing in a healthier face than hours and forecast by year 2030 asia will surprise north america in terms of global power. >> well, bart passengers have just over a week to sound off plan to triple parking rates over the next two years currently drivers either park free or park $1 per day to park. this plan would allow 50 cents increases twice per year. >>...
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china's m.o. is this. they basically buy american companies, strip them of technology and ship the jobs to china. case in point would be brantley helicopter. used to be in texas. 2009 china buys it. now all the production facilities are in jindao. this is the problem. the promise to keep the plant going. now a-123 is interesting. they have cutting edge technology which will be exported to china. that's the bigger issue. one company at a time, larry, is going over to china, helping to build their industrial base. and the other thing -- >> hang on a second. this is an important point. ann lee, i'd like to get something from this. okay? if the u.s. foreign investment advisory board okays the deal, fine. but they counterfeit our goods. the chinese have a lot to answer for. shouldn't we make a deal? we let them buy the company but we should make a deal and they should somehow stop all the pirating of our technology? >> i think the chinese government is already trying to crack down on counterfeiting and other th
china's m.o. is this. they basically buy american companies, strip them of technology and ship the jobs to china. case in point would be brantley helicopter. used to be in texas. 2009 china buys it. now all the production facilities are in jindao. this is the problem. the promise to keep the plant going. now a-123 is interesting. they have cutting edge technology which will be exported to china. that's the bigger issue. one company at a time, larry, is going over to china, helping to build...
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>> it broke a lot of china. people didn't like it. his point was why are we listening to the same set of consultants when we're losing? this racketeering, the problem is the five people who are on this, you know, commission, if you will, or this autopsy if you will -- >> growth and opportunities. >> are all part of the same racket and they will cover for the newt gingrichs of the world and the dick morrises of the world and the car roves of the wor world. >> and learn nothing? >> i think they will come back they have to do a better job communicating their message. >> but i wonder if it also depends on -- okay, so they put out their report and it's a big cya. i wonder how bobby jindal responds to that, who has been very forceful since election day about the problems of the party. what does chris christie say about what's in that report? it's one thing to have this autopsy body doing this report. it's another thing, again, to rank and file, the governors who are out there who have to pick up the broken pieces of their party if they're g
>> it broke a lot of china. people didn't like it. his point was why are we listening to the same set of consultants when we're losing? this racketeering, the problem is the five people who are on this, you know, commission, if you will, or this autopsy if you will -- >> growth and opportunities. >> are all part of the same racket and they will cover for the newt gingrichs of the world and the dick morrises of the world and the car roves of the wor world. >> and learn...
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nobody here -- are they going to break china? >> probably not unless there's a greater scandal that brings a lot of stuff to light. this is the way the republicans organize their consultants. it's a monopoly even in the polling industry, they have two pollsters who do 75%, 80% of their business. that was a big part of the problem in the last cycle. >> maria? >> more in memory of jenni rivera who passed away. incredible supporter of the latino community. we're going to miss her. >> two friends got married this weekend, congratulations. >> you are in that wedding zone. >> fascinating recap of the convention. that's from all the campaign managers last week. it's going to be out in the book in a week. >> i love that. it's always a fun book. oral history of -- >> oral history. >> it always is. that's it for this edition of "the daily rundown." see you here tomorrow. chris jansing is next.
nobody here -- are they going to break china? >> probably not unless there's a greater scandal that brings a lot of stuff to light. this is the way the republicans organize their consultants. it's a monopoly even in the polling industry, they have two pollsters who do 75%, 80% of their business. that was a big part of the problem in the last cycle. >> maria? >> more in memory of jenni rivera who passed away. incredible supporter of the latino community. we're going to miss...
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the company would prefer to go to china and a somebody $2 a day or whatever. these right-to-work states are full of temporary jobs agencies with contracts. the stamp services -- these temporary services are making money and paying people a fraction. we need to let politicians go to a temporary service and give them half of what they are making and make them see how we feel. people working for small amounts of money at temp services. ynette.ow to panetta, conwalive caller: they call it a right-to- work states, but i guess the language got changed, because it used to be a free will state. the employers without unions had the right to fire you for anything, any reason or no reason at all, and you had no recourse. so i still believe in unions and i still believe the people should have a right to join or not. host: this tweet -- are you with us? caller: i am. host: higher wages of less jobs in the state's. caller: yes, but most of the jobs in this area, in the myrtle beach area, those are minimum- wage jobs, where i live. if we are talking about the unions giving t
the company would prefer to go to china and a somebody $2 a day or whatever. these right-to-work states are full of temporary jobs agencies with contracts. the stamp services -- these temporary services are making money and paying people a fraction. we need to let politicians go to a temporary service and give them half of what they are making and make them see how we feel. people working for small amounts of money at temp services. ynette.ow to panetta, conwalive caller: they call it a...
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china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension debt per household in california of aost $30,000. illinois close behind, $167 billion in unfundedliabilities, 28% funded, and th state pension debt per household amounting to over $34,000. in municipal bonds illinois sold over $5illin bonds this year making it the third biggest debt issuer in the first tee arters this year. california and new york, numbers e and two with. the issue of unfunded pension liabilities with the passage of right-to-work laws is a subject that i'm going to be taking up with our next guest. -@mallory fctor, author of can the bestseller, "shadow boxes: government nioos cont
china, obvioussy, has plans to fix all of that with a little help from the american taxpayer and, of course, the president. wile we focus on the fiscal cliff negotiations, or more appropately the iasse many our state governments aren't in much better shape. state pensionsystems, unfunded liabilities are now estimated to be in the range of $2.5 trillion to almt $4 trillion. leading is california witmore than $370 billion in unfunded pension liabilities, only 47% are currently fued. a pension...
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developed enough revenue because of our import taxes are so much smaller than those of countries like china. and in turn today -- 8 report was done on comparative tax, and they support 20% of their federal government through import taxes. why is it that we feel we cannot compete with a country that is taxing us heavily on our imports, yet when they export to our country we have just 1.9% next that is ridiculous. it is not a level playing field -- 1.9%? that is ridiculous. that is not a level playing field. an in tern in indiana did this research. guest: there is the risk of a trade war, a violation of the world trade organization pact. a lot of the big box stores rely on inexpensive imports. so it would be a trade-off. it would have an impact on the prices. host: winchester, ohio. thomas is an independent. caller: thanks for taking my call. i watch c-span all the time. i'm curious why this continuation of the republican versus democrat bashing goes on when there is such an important issue that needs to be taken care of in this country. why is there not a federal sales tax to take care of so
developed enough revenue because of our import taxes are so much smaller than those of countries like china. and in turn today -- 8 report was done on comparative tax, and they support 20% of their federal government through import taxes. why is it that we feel we cannot compete with a country that is taxing us heavily on our imports, yet when they export to our country we have just 1.9% next that is ridiculous. it is not a level playing field -- 1.9%? that is ridiculous. that is not a level...
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china sees it. we have to see it. china is insinuating itself into the economy of mayor -- major african nations. they are offering loans, their contracts, their engineers and their investments in africa. we are not. we're going to rue the day. africa is a great opportunity for us, and this bill addresses it. i sincerely hope that my colleagues in the senate will take a look at the statement which i'm placing in the record and consider supporting this greater exports to africa trade bill. this is something we can do to increase jobs in america, increase trade with africa and really build those countries which share our values. the difference between the united states, china and other countries, we come to the marketplace with values. we have to make certain those values are protected. we can only do it if we are honest traders and actively engaged in expanding the market for our goods and services. mr. president, i ask unanimous consent that this statement in its entirety be entered in the record and i yield the floor
china sees it. we have to see it. china is insinuating itself into the economy of mayor -- major african nations. they are offering loans, their contracts, their engineers and their investments in africa. we are not. we're going to rue the day. africa is a great opportunity for us, and this bill addresses it. i sincerely hope that my colleagues in the senate will take a look at the statement which i'm placing in the record and consider supporting this greater exports to africa trade bill. this...
SFGTV: San Francisco Government Television
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Dec 11, 2012
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to be able to extract the tunnel bearing machine at a site of the old pegola theatre on the edge of china town. i think that this is a very, very interesting prospect for the benefit that it would have to lower the level of community disruption and also because it marks the path of where that line might be extended into the north beach. i will share this with you. the multimillion-dollar projects are tricky. and the timing of those is even trickier because, it depends on the agreements that are reached at the regional level about the priority of projects especially for federal funds. but, the utility of projects really transcends those arguments and commitments and it is in the future. the authority several years ago did an analysis of the connectivity that would be provided by an extension of the central subway into north beach and the beneficial effects on the bus network and all-the transsiltko come mend the entire team and the feedbacks are available in the next couple of months as we finish talleying it. but it really bodes well for the level of participation for the san francisco pl
to be able to extract the tunnel bearing machine at a site of the old pegola theatre on the edge of china town. i think that this is a very, very interesting prospect for the benefit that it would have to lower the level of community disruption and also because it marks the path of where that line might be extended into the north beach. i will share this with you. the multimillion-dollar projects are tricky. and the timing of those is even trickier because, it depends on the agreements that are...
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china is offering 13 types of railways and has 20 under construction. by 2020 this network will cover nearly 10,000 miles. when i looked at the title of this hearing about what mistakes have been made it seems to me one of the number one mistakes is our lack of continued commitment to high speed rail in providing adequate dollars to be able to have a true system in the united states. not only are we not investing in alternative to highway system that we are spending it on band-aids for infrastructure rather than investing in the top tier system. our president has taken bold steps and the secretary has carried that flag with us but we must provide the support to provide the additional dollars that are certainly going to be needed as mr. denham reference to get the project going. when you consider the amount of money spent on gasoline, aging infrastructure and all of the changes, certainly high speed rail must be at the forefront and when you consider federal reserve bank of san francisco reference the infrastructure investments it is a good thing for the
china is offering 13 types of railways and has 20 under construction. by 2020 this network will cover nearly 10,000 miles. when i looked at the title of this hearing about what mistakes have been made it seems to me one of the number one mistakes is our lack of continued commitment to high speed rail in providing adequate dollars to be able to have a true system in the united states. not only are we not investing in alternative to highway system that we are spending it on band-aids for...
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china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but they seem to be inwardly focused now by being a triangle of china, india, indonesia. we're not seeing a great benefit into europe as we did before. for instance, germany is looking pretty pessimistic. based on its lack of export performance to places like china. >> yeah. when the bundes bank came out and shortly downgraded forecasts, how is the employment picture? if you've got a relatively healthy china and the u.s. consumer bounce back, wouldn't that help germany? >> it certainly would. germany is relatively flat in terms of the employment outlook. so i
china is still positive in the fourth quarter. china is going to show a slow and steady improvement. so we need those. >> higher expectations stronger in the likes of taiwan, india and brazil. let's go back to where you say they're weakest. greece, italy, spain, the netherlands. this is a very weak feature, indeed. how bad in it? >> it's bad. the eurozone is the global economic problem now. if you look at asia where i just returned from, both countries are feeling optimistic. but...
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we're bringing up apple in china. right now they're saying iphone 5 sales are running 50% ahead of what iphone 4 sales were in 2010. that's fairly significant if it turns out to be true. the source for that is macbook translating data from chinese. that's making the rounds. i think people are looking at this aspect of wait a minute. this is a whole growth market that maybe is not in all the -- people are bullish on the china story. but maybe not enough. i think that's giving it to credence here. >> stocks off session highs after those comments from speaker boehner. really, we're hanging in there truth be told. dow up 106 points. when "halftime" returns we zero in on the health of financial stocks from the floor and more companies announcing special dividends as the nation gets closer to the fiscal cliff deadline. deutsche bank top u.s. equity strategist david bianco tells us who can be next. >>> later, can amazon deliver more joy to investors as holiday crunch time takes a new level. shares up 45% this year. we debate
we're bringing up apple in china. right now they're saying iphone 5 sales are running 50% ahead of what iphone 4 sales were in 2010. that's fairly significant if it turns out to be true. the source for that is macbook translating data from chinese. that's making the rounds. i think people are looking at this aspect of wait a minute. this is a whole growth market that maybe is not in all the -- people are bullish on the china story. but maybe not enough. i think that's giving it to credence...
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china's demand. keep in mind china does not want to see destabilization of the reason nor does it want a tightening of sanctions or war in an already impoverished country which might lead to refugees streaming into their next door neighbor, china. >>> iran claims it decoded all of the data from a stealth cia spy drone it recovered last year, all of it. the revolutionary guard general claims the drone did not carry out missions before it went down near iran's border with afghanistan. iran claims it took control of the drone and brought it down, but it's still unclear whether iran's military actually captured it or if it simply crash landed somewhere in iranian territory. last week the iranians claims they captured another u.s. spy drone. the navy reports it's not currently missing any drones, so that would not stand to reason. >>> crowds of people saw somebody commit a murder in manhattan today, midday, on a busy sidewalk about a block from the famous carnegie hall and right outside a school building.
china's demand. keep in mind china does not want to see destabilization of the reason nor does it want a tightening of sanctions or war in an already impoverished country which might lead to refugees streaming into their next door neighbor, china. >>> iran claims it decoded all of the data from a stealth cia spy drone it recovered last year, all of it. the revolutionary guard general claims the drone did not carry out missions before it went down near iran's border with afghanistan....
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that very few people seem to recognize i mean we resort to talk like we think the dollar comes from china and you know in the modern era the u.s. government is the issuer of the currency it can never run out it can never go broke it can never be forced to make to miss a payment as long as those payments are due in the currency that it and it alone has the legal. authority to create so then should there be a constraint on government spending absolutely and we make this point in just about everything that we do there are all kinds of constraints on government and one of the most important is just through the normal budgeting process and so just because the government has the capacity to spend dollars as alan greenspan said in an unlimited faction that there are no constraints on its ability to create the currency it doesn't follow that therefore the government should go out and spend willy nilly on any old project it feels like spending on passing out dollars left and right that hasn't followed it's about recognizing that the government has the ability to span recognizing that only the issu
that very few people seem to recognize i mean we resort to talk like we think the dollar comes from china and you know in the modern era the u.s. government is the issuer of the currency it can never run out it can never go broke it can never be forced to make to miss a payment as long as those payments are due in the currency that it and it alone has the legal. authority to create so then should there be a constraint on government spending absolutely and we make this point in just about...
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retail stocks that have exposure in china such as tiffany. >> i'm not a big fan of tiffany. that stock has been a very, very difficult stock. i do think that you want to look at pvh because of the warm weather in america, but after they bought calvin klein, that's the one i think you ought to look at. let it come in, warm weather is going to cause everybody to have jitters. i wish we could forget about politics. i'd love to discuss decker's or coach. until we get a deal, it's bad news for the market. even for cheap stock like apple. "mad money" will be right back. >>> high on biotech. medical innovations continue to help us. tonight, two companies with breakthrough products that are leading the charge. cramer is talking to the ceos of immunogen and seattle genetics, just ahead. and later, reenergized. pipelines, they're america's energy toll road and can provide investors with a secure source of dividends, but his investment in north dakota's oil rich bakken shale continues, cramer's looking for companies that are ready to expand. don't miss the ceo of enbridge energy. all c
retail stocks that have exposure in china such as tiffany. >> i'm not a big fan of tiffany. that stock has been a very, very difficult stock. i do think that you want to look at pvh because of the warm weather in america, but after they bought calvin klein, that's the one i think you ought to look at. let it come in, warm weather is going to cause everybody to have jitters. i wish we could forget about politics. i'd love to discuss decker's or coach. until we get a deal, it's bad news for...
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china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you something from the report, in the tectonic shift, asia will have surpassed north maeshg and europe combined in terms of global power, based upon gdp, population size, military spending and technological spending. china alone will probably have the largest economy, surpassing that of the united states a few years before 2030. people because of technology, people really have more power than they've ever had before, individuals have more power an that can also cause problems with, you know, people using technology for ill means. >> is this the whole report? >> the 140-page rundown. i'm sure the president gets a bigger one. >> this is an intelligence report. >> yes. >> why on earth would anyone buy a jillion doll
china will be a big driver and india will be growing like china is today. they talk about how the world is changing. it's like no other time since the french revolution. remember in the late 18th century, the industrial revolution, except it's happening more quickly. it's taking a tenth of the time for china and asia to rise quickly. let me read to you something from the report, in the tectonic shift, asia will have surpassed north maeshg and europe combined in terms of global power, based upon...
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population but because of these rising tensions in east asia generally speaking with north korea and with china and some of the other tensions flaring up it's definitely an idea whose time seems to have come geopolitically speaking and i think the united states will be quite happy to see more hardline japanese parliament getting into power we could expect to see some some of the change that i think will have to take place culturally here as well as a population that since the end of the second world war has been trained into passivism will likely have to be trained into militarism if a gets is when. mixed news for a jailed human rights activist in bahrain today leading campaign and his prison term cut from three to two years on a pale but the widespread calls for his release following his conviction back in august for organizing a legal gathering and inciting violence international pressures voting on the monarchy to stop persecuting political activists let's go to an enema now and the site had a almost sallies there full of iranian pay and human rights activists thanks for being with us good t
population but because of these rising tensions in east asia generally speaking with north korea and with china and some of the other tensions flaring up it's definitely an idea whose time seems to have come geopolitically speaking and i think the united states will be quite happy to see more hardline japanese parliament getting into power we could expect to see some some of the change that i think will have to take place culturally here as well as a population that since the end of the second...
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china operations are rooted a clue. welcome back to spotlight i'm al green of and just a reminder that my guest on the show today is the just left nick and the deputy head of the russian state duma foreign affairs committee mr nikken of. burning international needs today is the one we're getting from from the middle east of course the new aggravation of the situation in egypt egypt was among the first countries who caught this this wave of freedom. in the early to do two thousand and eleven well the revolution but. since then the true moral didn't stop for long do you think it will stop in the first seeable future. while the there was a soviet revolutionary song revolutions have a beginning they don't have any end and i think there's what happens with almost any revolution there analysts especially not remember trotsky's idea about a permanent revolution and revolution was exactly the idea of the of the bolsheviks in the early russia. and the permanent revolution goes on. actually the idea that a. will of the people dem
china operations are rooted a clue. welcome back to spotlight i'm al green of and just a reminder that my guest on the show today is the just left nick and the deputy head of the russian state duma foreign affairs committee mr nikken of. burning international needs today is the one we're getting from from the middle east of course the new aggravation of the situation in egypt egypt was among the first countries who caught this this wave of freedom. in the early to do two thousand and eleven...
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we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market expecting from the fed? in what way will they be excited or disappointed? >> well, i think the market, if you look at the options market, the flows into the ten year treasuries, it's implying 85 billion per month. the reason i say that is right now, deals, what, 165 #, if that was not the case, yields should be up 180, maybe 183 right now so all the flow right now is pointing to 85 or 90 billion per month. liz: okay. none of us is going to fight the tape here, larry. we'll talk to you in a moment when the s&p futures close, but in the meantime, going to the panel, daifd. david: sam,
we were worried about central bank, liquidity, numbers okayed here, heating up in china. people thought europe was contained, and it feels that way now. people looking past the headlines whether it's the fiscal cliff or europe. i mean, there's a lot of doom day sayers out there, and it makes sense, but it seems like everything right now is contained, and the trade is up to the upside. david: right. liz mentioned the fed decision coming up, should be hearing about it tomorrow. what's the market...
SFGTV2: San Francisco Government Television
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. >> >> we're going to thank all of our community members and from china town and all of them have worked very hard. these are not easy projects. they're very complicated and people had to work at the highest levels to make sure that every aspect worked, and a person who has worked tirelessly for 20 years and we join in celebrating 25 years of being in our congress and sought at every stage to make sure these funds were projected, to make sure we're doing our part, that congress is doing their part, all of the federal agencies, the person that first called me to share the news we're out of the white house and into the congress and wait our magical 60 to 90 days and lees give a warm welcome leader nancy pelosi. [applause] >> who is also keeping track on the giants. >> you know mr. mayor i always listen attentively to every world you say but i know you want me to say it's the bottom of the ninth and one out and in a matter of minutes we have another cause for celebration and you said jam san francisco didn't happen last week. we may have another potential for this weekend as well. thank you
. >> >> we're going to thank all of our community members and from china town and all of them have worked very hard. these are not easy projects. they're very complicated and people had to work at the highest levels to make sure that every aspect worked, and a person who has worked tirelessly for 20 years and we join in celebrating 25 years of being in our congress and sought at every stage to make sure these funds were projected, to make sure we're doing our part, that congress is...
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by 2030, just 17 years from now, china will likely have passed the u.s. to become the world's largest economy. the report says that overall, asia will top north america and europe with population, military spending and investing in technology. >> and one of the bright spots for the u.s., we are expected to become energy independent and the world's largest exporter by the year 2030. people talk about china and their booming economy over there, and this quantifies just how fast they are coming on. pretty amazing. >> the world's population is projected to rise to 8.3 billion from 7.1 billion. and demand for food will go up 35%, and demand for water, 40% more than current water supplies, making water a likely cause of regional conflict, particularly in south asia and the middle east. water and food. there's not going to be enough for us. >> what a bright future. >>> this morning, the streets of cairo promise to be packed today with protests for the egyptian capital. two separate million-man marches are planned as supporters and opponents of president mohamed
by 2030, just 17 years from now, china will likely have passed the u.s. to become the world's largest economy. the report says that overall, asia will top north america and europe with population, military spending and investing in technology. >> and one of the bright spots for the u.s., we are expected to become energy independent and the world's largest exporter by the year 2030. people talk about china and their booming economy over there, and this quantifies just how fast they are...
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population but because of these rising tensions in east asia generally speaking with north korea and with china and some of the other tensions flaring up it's definitely an idea whose time seems to have come geopolitically speaking and i think the united states will be quite happy to see more hardline japanese parliament getting into power we could expect to see some some of the change that i think will have to take place culturally here as well as its population that since the end of the second world war has been trained into passivism will likely have to be trained into militarism if he gets is when. some of that well news. opposition activists in bangladesh's capital have detonated homemade bombs while bonking forcing a day long general strike police in the car had to forcibly disperse protesters who smashed vehicles and held rocks the rest erupted after accusations of government sponsored killings to recent protests against unpopular school reform. there's been a further street violence in northern ireland a group of people thought to be honest through a petrol bomb into a car belfast i'm s
population but because of these rising tensions in east asia generally speaking with north korea and with china and some of the other tensions flaring up it's definitely an idea whose time seems to have come geopolitically speaking and i think the united states will be quite happy to see more hardline japanese parliament getting into power we could expect to see some some of the change that i think will have to take place culturally here as well as its population that since the end of the...
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population but because of these rising tensions in east asia generally speaking with north korea and with china and some of the other tensions flaring up it's definitely an idea whose time seems to have come geopolitically speaking and i think the united states will be quite happy to see more hardline japanese parliament getting into power we could expect to see some some of the change that i think will have to take place culturally here as well as as a population that since the end of the second world war has been trained into passivism will likely have to be trained into militarism if gets its way. so the world news now brief opposition activists in bangladesh is coming today to form as well violently enforcing a day of general strike place in dhaka the force of the dispersed protesters and smashed the rocks restaurant to it after accusations of government sponsored killings cheering recent protests against a popular political force. there is taking this long range rocket off the launch pad in a pair of move to fix a technical problem. maintains it will be launched though by the end of the mo
population but because of these rising tensions in east asia generally speaking with north korea and with china and some of the other tensions flaring up it's definitely an idea whose time seems to have come geopolitically speaking and i think the united states will be quite happy to see more hardline japanese parliament getting into power we could expect to see some some of the change that i think will have to take place culturally here as well as as a population that since the end of the...